Domestic Market

Tirunelveli powers India's solar ambitions with a new facility by Tata

With a capacity of 4.3 gigawatt (Gw) each for cells and modules, the plant is designed with many open spaces available for future expansion

India's foreign policy dilemma: Balancing global ambitions & domestic needs

India's growing global role clashes with its domestic challenges. Navigating foreign policy requires a balance between global responsibilities and the imperative of social and economic development

Major domestic appliances market sees 18% growth in first half of 2024

The market of major domestic appliances saw an 18 per cent value-based growth in the first half of 2024, helped by a strong demand for essential household items, according to a report from GfK. The growth in MDA (major domestic appliances) market was led by Key categories such as air-conditioners and refrigerators, which reported a growth of 30 per cent and 7 per cent, respectively. "This growth is 3X of growth in 2023 over the previous year," said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report. The report also added that customers are now looking for feature-rich and premium products, which is fuelling the value growth in the appliance segment. Now washing machines with capacities of 9kg or above have recorded an "impressive growth rate of 30 per cent"

Why are DIIs buying heavily ahead of Lok Sabha elections? Analysts weigh in

Between January and May 28, DIIs have purchased shares worth Rs 1.97 trillion. In May alone, DIIs bought shares worth Rs 44,952.16 crore

Strong outlook, robust domestic demand to support Cummins India stock

Riding on a 36 per cent growth y-o-y in the domestic market, the company posted an overall revenue growth of 16 per cent

Domestic, rural consumers also driving power demand: Tata Power CEO

In the last two years, the CAGR growth is nearly 10 percent, which is phenomenal in the sense that earlier the growth used to be in the range of 5- 6 percent, Praveer Sinha said

Air India operating 41% more flights since Tata takeover, shows data

The emphasis on international expansion for Air India is driven by higher demand and more lucrative opportunities in that segment

Govt eases norms for shifting of used IT hardware goods to tariff areas

The government has relaxed curbs for shifting of used IT hardware goods like laptops and desktops by a company in special economic zones (SEZs) to outside these duty free-enclaves or domestic tariff areas. SEZs are treated as deemed foreign territory for customs laws and bringing goods from these zones into the domestic tariff area (DTA) or domestic market is tantamount to imports. In general, a company from DTA needs a licence for imports of these goods from SEZs. Easing these curbs, Directorate General of Foreign Trade (DGFT) in a notification has said that used IT assets (laptops, desktops, monitors, printers) can be moved from SEZ by a company to DTA without a license for the purposes of further use in their DTA operations "only". However, these equipment should have been used in SEZ units for two years and should not be older than five years from the date of manufacturing. "Import policy of used IT assets (laptops, desktops, monitors, printers) from SEZ to DTA has been ...

India's domestic aviation capacity soars beyond pre-pandemic level

The top 20 domestic markets, according to OAG, account for 88 per cent of the global domestic travel capacity with nine countries now reaching 2019 levels once again

Sluggish domestic demand, rising costs to hit prospects of tile firms

Sector reported record exports in July, expected to support setback in India market

Closely monitoring demand for battery electric vehicles: JLR India

Jaguar Land Rover is closely monitoring the demand for battery electric vehicles in India and depending upon the emerging scenario will "strategise" the entry of more models into the country, according to a top company executive. In an interaction with PTI, Jaguar Land Rover (JLR) India Managing Director Rajan Amba said the domestic market is distinct in its demands for a variety of factors. "And as such we are closely monitoring demand for battery electric vehicles (BEVs). As luxury consumers become more discerning in their choices and adoption of new technology, we are committed to delivering exceptional vehicles that exceed their expectations along these lines," he noted. The company currently sells just one electric model -- Jaguar I-Pace -- in the country. Globally, JLR will open bookings for the new Range Rover BEV by end of this year, built upon the success of existing modular longitudinal architecture (MLA), which currently underpins the ICE (internal combustion engine) Ran

Fintech player Razorpay eyes international expansion, IPO in 2-3 years

The company, which entered Malaysia last year, is eyeing markets such as Indonesia, Vietnam, and the Philippines for expansion into the South East Asia region

India's new trade policy: Blinded by local market, a dry recitation of laws

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

Govt extends export curbs on gasoline, diesel to ensure availability

India has extended restrictions on the export of diesel and gasoline, the government said in a notification, as New Delhi tries to ensure the availability of refined fuels for the domestic market

Domestic market ownership rises for 5th quarter in a row to 24.44% in Dec

The equity ownership of domestic investors, including institutions and high networth individuals, touched an all-time high of 24.44 per cent in December quarter, making it the fifth consecutive quarterly increase. Retail investors' ownership in the market stood at 7.23 per cent in December 2022, marginally down from 7.34 per cent in September 2022. But in rupee terms, the same increased to Rs 19.94 lakh crore from Rs 19.48 lakh crore in the previous quarter, registering an increase of 2.35 per cent. In September 2022, the share was 24.25 per cent, according to data collated by market information major Prime Database, based on the shareholding patterns of 1,832 of the total 1,857 companies on NSE for the quarter to December 2022. According to Pranav Haldea, managing director of Prime Database Group, this was the fifth consecutive quarter of increase from 22.37 per cent in September quarter 2021 and showcases the rising dominance of domestic investors. Net inflows from domestic ...

Extraterritorial reach of regulators weakens domestic stability: RBI

Discussions with foreign regulators positive

Reise Moto introduces two-wheeler tyre for domestic market in joint-venture

Reise Moto, a joint venture between Mahansaria Group and European brand Mitas, on Monday launched a two-wheeler tyre range for the domestic market. The tyre under the 'Reise' brand will cater to both motorcycle and scooter segments and will also be shipped to South Asian markets. For Reise Moto, Mahansaria Group has entered into a 76:24 joint venture with Mitas. The company will roll out the tyres from its new facility in Saykha, Gujarat. The plant produces performance two-wheeler tyres under brand 'Mitas' for European and North American markets and under brand 'Reise' for the domestic market in India. "In today's highly dynamic Indian two-wheeler space, the key is to serve the ever-evolving needs and aspirations of enthusiasts who expect a lot more from their machines than just commuting," Reise Moto Founder & Managing Director Yogesh Mahansaria said in a statement. The company said it is developing a formidable network of distributor partners to sell the Reise range of ...

Margin scale up key trigger for genset manufacturer Cummins India

Easing commodity prices and exports to drive profitability for company, say analysts

Indices slip for 2nd day, close in red for the week; Sensex falls 87 points

Similarly, the broader NSE Nifty dipped 36.25 points or 0.20 per cent to end at 18,307.65

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

US and European markets gained in October after a sharp sell-off in September